Bondurant-Farrar Education Foundation

Analysis

Bondurant-Farrar Education Foundation is a registered charity in United States, based in Bondurant, IA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bondurant-Farrar Education Foundation reported income of $63k and spending of $79k, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $16k to $63k (+294%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 764%. Over the whole period it spent 251% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bondurant-Farrar Education Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within IA. Charities of a similar size with the same main cause include Chinese American Citizens Alliance Houston Community Involvement Fund ($63k), Reagan Delaney Tokes Memorial Foundation ($63k) and Friends of P B Smith Elementary School ($63k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. At year end it held assets of $705k against liabilities of $0, net assets of $705k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.